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Highlights: East Africa revenue increased 24.8% to USD 1.78B, with constant-currency growth of 18.2%, accelerating to 18.6% in Q2....

Uganda is spending hundreds of millions of dollars rebuilding three stadiums for AFCON 2027. The question now is whether a commercial operating...

Binance (www.Binance.com), the world's leading blockchain ecosystem and cryptocurrency exchange is working with police across Africa to catch the criminals behind online...

The National Defence University-Kenya (NDU-K) has reaffirmed its commitment to academic excellence, institutional accountability and strategic leadership following its 15th Regular Council...

 Henry Dannell, a specialist cross-border credit adviser, has successfully brokered a $20 million trade finance credit facility for a UK-registered petrol commodities trader expanding its international operations through a newly established entity in Kenya.  The facility will provide the company with access to capital on a trade-by-trade basis, enabling it to pursue larger transactions and increase its trading capacity without relying solely on its own balance sheet.  The client had historically funded its commodities transactions using company capital, an approach that supported its existing activities but limited the size and frequency of trades it could undertake. Having already secured $10 million in junior investor capital from Switzerland, the business sought additional financing to support the next stage of its expansion.  Beyond the capital requirement, the transaction presented a more complex challenge. The company required a banking partner that could understand its international trading model, proposed operating structure in Kenya, and the commercial rationale behind its expansion.  Henry Dannell worked closely with the client to understand its trading operations, existing capital structure, and growth strategy before approaching the lending market. Drawing on its international banking relationships across the UK and Channel Islands, the firm identified a bank with a significant presence in Kenya and engaged directly with its lending team in the relevant jurisdiction. As part of the process, Henry Dannell worked to articulate the commercial opportunity to the lender, reviewing the company’s financial projections, local licensing arrangements, and counterparty agreements to build a clear picture of both the business and its proposed expansion.  The resulting $20 million trade finance facility, alongside the existing $10 million in junior investor capital, provides the company with a more scalable funding structure to support increased trading activity and pursue larger opportunities within the Kenyan market. 

Emirates (www.Emirates.com) and the Kenya Tourism Board (KTB) have signed a partnership agreement at the 2026 Arabian Travel Market, to strengthen collaboration...

Africa’s hydrogen ambitions bring water, infrastructure and investment into focusEnergy supply, water availability, infrastructure, storage, project economics and access to capital all...

Companies worry that criminals are targeting their payroll data. Studies into stolen data reveal that 80% of business data breaches involve HR...

Quick Mart PLC is offering 2 billion existing ordinary shares for sale through the Nairobi Securities Exchange’s Main Investment Market Segment. The...

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